Abstract:
The study examines the effect of female directors on firm performance for Indian firms,
where the domination of family firms and a patriarchal society may reduce the importance
of female directors. Our empirical results suggest that the gender diversity does not matter
for Indian firms. Our further results support this finding by indicating that female directors
face more attendance problems compared to male directors, and are less likely to be
appointed in monitoring-related committees. Overall, our results strengthen the tokenism
status theory associated with female directors, especially in family-owned firms and in a
patriarchal society.
